Tuesday, February 6, 2007

Evening State of Play

I'm bushed tonight, been busy with the children this evening.

Stocktrading 101 has a nice market recap... http://falkininvesting.com/blog/

I notice Stocktrading 101 has a chart examination of GLW... big options volume there ahead of an analyst day later in the week.

For additional perspective... Kevin at Kevin's Market Blog is adding to his QQQQ short position http://kevinsmarketblog.blogspot.com/ ... very interesting.

Gold up at $660. I will be up at around 4:30 et to see what the Europeans decide to do. I have a manual buy stop in mind for futures at around the $666 level depending upon volume and what the dollar is doing etc... sooner if the dollar resumes lower. It's only a matter of time before we break through $665 on course to $700+ before mid-Spring.

Speaking of the dollar, March EuroFx is holding at just above $1.30, while March Yen futures are off by a measly 8 points.

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